Banking

As a mother of a 6 year old who loves to imagine stories, your Gruhini imagined a story that will help you understand the current state of banks and markets. Once a Jeweller had six daughters who were bitten by the start-up bug. Their dream was to start a jewellery lending business. The father agreed and lent his precious diamond gold and silver pieces from his …

The world of mobile and technology innovation is changing so rapidly that we need a crash course to understand these innovations. Don’t you think so? Atleast that’s what your Gruhini feels. Inherent to our nature, we love security and safety first, especially if its our hard earned money from our job, our work from home business or even our savings. …

Can banks put conditions for providing you safe deposit locker facility? Few weeks ago, I opened a savings account with a leading private sector bank in her vicinity. I had two accounts with other two leading banks and this one made sense because it was closeby and the relationship manager promised that a big locker is available too. Anything for a …

Hello Gruhini’s In the run up to the Women’s Day on March 8, guess who is trying to get your attention? It’s the large banks and housing finance companies (HFC). Some of the large public and private sector banks and HFCs have been offering home loans at a discount of 0.10%-0.35%, to you. In order to avail this discounted rate …

Since this post was first written, RBI has increased the deadline for exchange of pre 2005 notes several times. As per the latest circular, the deadline is once again extended to December 31, 2015. Getting worried about Reserve Bank of India’s new rules on currency notes? Here are 5 reasons you shouldn’t. Is Money Kumar (currency notes as my son …

Whenever I see a leading Bank’s latest commercial of a girl collecting coins in her house, I think of my three year old son, Vajra. Every evening he looks forward to reach out to his dad’s wallet to play with the coins. He puts the coins in a transparent cookie jar in his room. As the jar gets filled, we …